Emerging and High Growth Companies

Wealthsimple in its $750 million financing

Wealthsimple
Key Contact
Chad Bayne

Partner, Emerging and High Growth Companies, Toronto

Team
Jeremy Lin

Associate, Emerging and High Growth Companies, Toronto

Justin Dharamdial

Partner, Emerging and High Growth Companies, Toronto

Steven Dickie

Partner, Employment and Labour, Toronto

Ferial Fekri

Associate, Emerging and High Growth Companies, Toronto

Rob Valentini

Associate, Corporate, Toronto

 

On May 3, 2021, Wealthsimple announced its $750 million financing round at a post-money valuation of $5 billion. The financing round is led by Meritech and Greylock. The capital raised in the financing round will be used to further expand its market position, build out its product suite and grow its team.

Founded in 2014, Wealthsimple is Canada’s largest and most popular digital wealth manager.

Osler, Hoskin & Harcourt LLP advised Wealthsimple with a team consisting of Chad Bayne, Justin Dharamdial and Jeremy Lin (Emerging and High Growth Companies), Paul Seraganian and Andrew Granek (U.S. Tax), Steven Dickie (Employment & Labour), Kojo Hayward (Corporate), Ferial Fekri and Rob Valentini (Articling Students).

Value
$750 million
Date Closed
May 3, 2021
Lead Office
Toronto
Key Contact
Chad Bayne

Partner, Emerging and High Growth Companies, Toronto

Team
Jeremy Lin

Associate, Emerging and High Growth Companies, Toronto

Justin Dharamdial

Partner, Emerging and High Growth Companies, Toronto

Steven Dickie

Partner, Employment and Labour, Toronto

Ferial Fekri

Associate, Emerging and High Growth Companies, Toronto

Rob Valentini

Associate, Corporate, Toronto